Hengdian Group Tospo Lighting Co (SHSE:603303) EBIT: ¥292 Mil (TTM As of Mar. 2026)


SHSE:603303 Hengdian Group Tospo Lighting Co Ltd SHSE:603303
63 GF Score
Price ¥22.50
GF Value ¥12.87
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Hengdian Group Tospo Lighting Co EBIT?

Hengdian Group Tospo Lighting Co SHSE:603303 -0.04% 63 EBIT is ¥292 Mil as of Mar. 2026. GuruFocus rates SHSE:603303 with a GF Score™ of 63/100 and a GF Value™ of ¥12.87 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Hengdian Group Tospo Lighting Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥292 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hengdian Group Tospo Lighting Co's annualized ROC % for the quarter that ended in Mar. 2026 was 15.06%. Hengdian Group Tospo Lighting Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 27.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hengdian Group Tospo Lighting Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.29%.


Hengdian Group Tospo Lighting Co  (SHSE:603303) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Hengdian Group Tospo Lighting Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=217.156 * ( 1 - 10.33% )/( (1311.672 + 1274.815)/ 2 )
=194.7237852/1293.2435
=15.06 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5849.185 - 2452.829 - ( 2590.286 - max(0, 2560.378 - 4645.062+2590.286))
=1311.672

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5795.455 - 2372.558 - ( 2616.693 - max(0, 2468.384 - 4616.466+2616.693))
=1274.815

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Hengdian Group Tospo Lighting Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=209.032/( ( (765.134 + max(-592.283, 0)) + (740.224 + max(-550.693, 0)) )/ 2 )
=209.032/( ( 765.134 + 740.224 )/ 2 )
=209.032/752.679
=27.77 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1300.8 + 468.468 + 186.405) - (2452.829 + 0 + 95.127)
=-592.283

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1298.133 + 469.764 + 136.109) - (2372.558 + 0 + 82.141)
=-550.693

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Hengdian Group Tospo Lighting Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=291.664/8865.641
=3.29 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Hengdian Group Tospo Lighting Co EBIT Related Terms


Hengdian Group Tospo Lighting Co EBIT Historical Data

* Premium members only.

The historical data trend for Hengdian Group Tospo Lighting Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hengdian Group Tospo Lighting Co EBIT Chart

Hengdian Group Tospo Lighting Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 374.56 385.37 477.86 416.66 319.38

Hengdian Group Tospo Lighting Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 79.97 102.44 61.58 75.39 52.26

SHSE:603303 vs VRT, BE: EBIT Comparison

For the Electrical Equipment & Parts subindustry, Hengdian Group Tospo Lighting Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hengdian Group Tospo Lighting Co EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hengdian Group Tospo Lighting Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hengdian Group Tospo Lighting Co's EV-to-EBIT falls into.


SHSE:603303
63GF Score
Hengdian Group Tospo Lighting Co Ltd SHSE:603303
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Hengdian Group Tospo Lighting Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥292 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ¥292 Mil mean?
Hengdian Group Tospo Lighting Co (SHSE:603303) has a EBIT of ¥292 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hengdian Group Tospo Lighting Co.
Is Hengdian Group Tospo Lighting Co's EBIT too high?
Hengdian Group Tospo Lighting Co's current EBIT is ¥292 Mil. Overall, Hengdian Group Tospo Lighting Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hengdian Group Tospo Lighting Co's EBIT compare to VRT and BE?
Hengdian Group Tospo Lighting Co's EBIT of ¥292 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Industrial Products company?
A good EBIT depends on the Industrial Products industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hengdian Group Tospo Lighting Co. Hengdian Group Tospo Lighting Co's current EBIT is ¥292 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hengdian Group Tospo Lighting Co stock overvalued right now?
Based on GuruFocus' analysis, Hengdian Group Tospo Lighting Co (SHSE:603303) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥12.87, compared to a current price of ¥22.50 — trading 74.8% above its estimated fair value. The current EBIT is ¥292 Mil. Hengdian Group Tospo Lighting Co's overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Hengdian Group Tospo Lighting Co (SHSE:603303), the current EBIT is ¥292 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hengdian Group Tospo Lighting Co (SHSE:603303) Overvalued in 2026?

Based on GuruFocus' analysis, Hengdian Group Tospo Lighting Co stock appears to be overvalued. The current stock price of ¥22.50 is trading 74.8% above its estimated GF Value™ of ¥12.87. GuruFocus considers Hengdian Group Tospo Lighting Co to be Significantly Overvalued.

Key valuation signals for SHSE:603303:

  • EBIT: ¥292 Mil
  • GF Value™: ¥12.87 vs. price of ¥22.50 (74.8% above fair value)
  • GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the SHSE:603303 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hengdian Group Tospo Lighting Co Business Description

Address Zhejiang Province Hengdian Electronic Industrial Park, Dongyang, CHN, 322118
Hengdian Group Tospo Lighting Co Ltd is a Chinese company engaged in designing and installation of lighting products. It provides LED light source products, interior lighting, professional lamps and lanterns, lighting control, structural components and other lighting products. LED light source products cover all kinds of bulbs, spotlights and decorative lights.
63GF Score

Get the complete analysis for SHSE:603303

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥22.50
Price
¥12.87
GF Value